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Book Forum

Shelter from the Storm: How a COVID-19 Mortgage Meltdown Was Averted

Published By Cato Institute •
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Date and Time
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Location
Cato Institute, 1000 Massachusetts Ave, NW, Washington, DC
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Featuring

Former Director, Federal Housing Finance Agency; Former Chief Economist, Vice President Mike Pence; Senior Advisor, Cato Institute

Dana Wade cropped
Dana Wade

Chief Production Officer, FHA Lending at Walker and Dunlop; Former Commissioner, Federal Housing Administration

Vice President and Director, Center for Monetary and Financial Alternatives

The COVID-19 pandemic upended our daily lives. The crisis was not only an unprecedented shock to our health care system but also a threat to our economic well-being, including our mortgage and housing markets. Despite the reforms following the 2008 financial crisis, markets were not prepared, and March 2020 brought another financial crisis. When he was the director of the Federal Housing Finance Agency, Mark Calabria led a considerable part of the response to the 2020 crisis. In Shelter from the Storm, he tells the story of how millions of families were provided with mortgage and rental assistance, both to keep them safe and to keep our financial markets functioning. He offers readers a peek behind the curtain of government decisionmaking in a crisis and shows how housing disruptions were minimized at little cost to the public, while resisting calls for Wall Street bailouts.

Lunch will be served at 11:30 AM

Shelter from the Storm cover
Featured Book

Shelter From the Storm

In Shelter from the Storm, Mark Calabria tells the story of how millions of families were provided mortgage and rental assistance―both to keep them safe and to keep our financial markets functioning. He offers readers a peek behind the curtain of government decision-making in a crisis and shows how FHFA minimized housing disruptions at little to no cost to the taxpayer and resisted repeated calls for industry bailouts and subsidies. This is a story about how you can directly help Main Street without bailing out Wall Street.